Salman S.H

Logistics startup Loadshare raises funding from Stellaris, Matrix Partners

Loadshare will use the fresh funding to strengthen its core leadership team, expand into new geographies, and to scale its technology base

Blockchain startup Elemential raises funds from Matrix Partners, others

The round saw participation from Investopad, Digital Currency Group, Hinduja Group, Lightspeed India, Eight Innovate and angel investors

India: N/Core, Cisco partner to back non-profit startups targeting socioeconomic issues

N/Core tech will mentor 20 non-profit start-ups in the first year in two separate cohorts.

India: Fashion e-tailer Fynd raises Series C round led by Google

The round also saw participation from existing investors, including Kae Capital, IIFL, Singularity Ventures, GrowX and Tracxn Labs.

India: Fashion startup Universal Sportsbiz raises $4.6m in venture debt from Alteria Capital

The company will use the fresh funds for working capital needs including for expansion into new markets, and for various marketing activities, according to Vinod Murali, managing partner, Alteria Capital.

Indian entrepreneur who sold startup to Facebook reveals latest venture

Kumar Rangarajan, who sold Little Eye Labs to Facebook in 2014, has floated Slang Labs, which attempts to build software that can allow internet companies to accept voice commands from customers similar to Apple’s Siri.

India: Fireside Ventures closes first fund at $52m

Fireside’s debut fund drew investment from FMCG brands, including Unilever Ventures and ITC, and investors including Premji Invest and Westbridge Capital.

India: Online lending startup Avail Finance raises funds from Matrix Partners, others

Avail Finance has raised a total of $17.2m so far, including debt and credit lines from multiple NBFCs and other investors.

India: Early-stage VC firm Prime Venture closes third fund at $60m

Prime Venture closed its first fund in 2012 with a corpus of $8m and its second fund was closed in 2015 when it raised $46m.

India: Aye Finance raises $3.9m from Hinduja Finance and IntelleGrow

The NBFC said it is in advanced talks with investors to raise an additional Rs150 crore in Series C funding.